Requirement Prepare a cost of goods sold, inventory, and purchases budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. (Round amounts to the nearest whole dollar.) Cost of goods sold Ace Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Get more help Quarter Ended Mar 31 Jun 30 Sep 30 Nine-Month Total Clear all Check ans 0 Data table Ace Electronics Sales Budget For the Nine Months Ended September 30 Quarter Ended - Mar 31 Jun 30 Sep 30 Nine-Month Total Cash sales, 40%...... $ 50,000 $ 70,000 $ 60,000 $ 180,000 Credits sales, 60% 75,000 105,000 90,000 270,000 $ 125,000 $ 175,000 $ 150,000 $ 450,000 Total sales, 100% Print Done